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MLS®: 40572559 |
Status: For sale
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RE/MAX Finest Realty, Brokerage - Kingston
Randy Beck
Sales Representative
Email Me
Telephone:613.389.7777
Cellular:613.541.9221
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Location:
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423 PALACE Road, Kingston Ontario, K7L4T5
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Description: |
This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens?want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment?we have you covered! Don't be deceived by its modest exterior?423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road?an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025. (id:2471) |
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Property: |
| Type: Single Family |
| Acreage: under 1/2 acre |
| Sewer: Municipal sewage system | Water: Municipal water |
| Access: Road access |
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Structure: |
| Style: House | Square Footage: 2000 |
| Bedrooms: 3+2 | Bathrooms: 3 |
| Heating: Forced air |
| Heating Type: Natural gas |
| Cooling Type: Central air conditioning |
| Exterior: Vinyl siding |
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Rooms: |
| Type |
Level |
Dimensions |
| 4pc Bathroom | Second level | Measurements not available | | Kitchen/Dining room | Second level | 11'8'' x 13'9'' | | Living room | Second level | 11'5'' x 16'4'' | | Bedroom | Second level | 11'4'' x 16'4'' | | Foyer | Lower level | 7'4'' x 9'6'' | | Laundry room | Lower level | 5'6'' x 8'6'' | | 4pc Bathroom | Lower level | 5'4'' x 6'8'' | | Kitchen | Lower level | 10'10'' x 10'1'' | | Living room | Lower level | 13'9'' x 14'0'' | | Bedroom | Lower level | 11'2'' x 19'4'' | | Bedroom | Lower level | 13'2'' x 9'2'' | | 4pc Bathroom | Main level | Measurements not available | | Dining room | Main level | 1'9'' x 15'4'' | | Living room | Main level | 14'8'' x 10'8'' | | Kitchen | Main level | 11'5'' x 9'10'' | | Bedroom | Main level | 15'0'' x 11'1'' | | Bedroom | Main level | 11'7'' x 19'10'' | |
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Listing Office: RE/MAX Service First Realty Inc, Brokerage
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**Broker *Sales Representative
